121 Southport Rd Spartanburg, SC 29306-3815
Property profile & analytics
121 Southport Rd, Spartanburg, SC 29306-3815
- Auto shops
- 10,056 SF
- 1.31 lot acres
Property ID
US77-0660549
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Caliber Collision / Auto Repair Shop
Property Details for 121 Southport Rd
- Year built
- 1982
- Construction
- METAL FRAME
- Lot size
- 1.31 lot acres
- Property type
- Auto shops
- APN
- 6-2500-16206
- APU
- 6250016206
Description
This exceptional Class A, single-tenant investment property features a 17,825 square foot Caliber Collision center in Spartanburg, South Carolina. Located at 121 Southport Rd, 29306, this property boasts excellent visibility and access on a high-traffic road (19,500+ vehicles per day) and is less than 1.3 miles from Interstate-26 (51,000+ VPD). The building, constructed in 1998 and renovated in 2014, sits on a 1.71-acre lot and consists of two, one-story buildings. The property is zoned GC and has a Net Lease (NN+) agreement with a credit-rated tenant backed by a corporate guarantee. The lease, commencing March 13, 2015, has approximately 0.4 years remaining with two five-year options. The current NOI is $107,191, with a pro-forma NOI of $113,623. Rent increases are tied to the CPI, with a maximum 6% annual increase every three years. This fee-simple ownership opportunity offers significant long-term upside potential due to the strong tenant, favorable lease terms, and prime location. The property's land value is estimated at $70-$130 per square foot. This is a rare chance to acquire a high-performing asset in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,580,000
- ML approach
- $1,580,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,283,000
- AI Estimate
- $1,049,000
Market price range: $373k - $1.28MMarket price range: $349k - $1.05M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,440,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Spartanburg
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -81.9689
- Latitude
- 34.919
- CBSA code
- 43900
- CBSA name
- SPARTANBURG, SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,892
$14,972
$28,015
$42,987
-
$253,100
$473,600
$726,700
